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To: Lizzie Tudor who wrote (91361)	10/4/2007 8:17:53 PM
From: Sr K	Read Replies (3) \| Respond to of 306849

For CFC they are going back to 1999 according to NBR tonight. Look at this report sec.gov filed today, disclosing damage done through June 30. Some of their paper was by CFC. Related news: RMK files SEC reports after subprime-related delay NEW YORK, Oct 4 (Reuters) - The Regions Morgan Keegan complex of mutual funds has filed annual reports for three of its bond funds that had been delayed because of turmoil in the subprime mortgage market, the company said on Thursday. Market upheaval led to a period this summer when "investors shunned one type of investment after another" and "the bond markets for all but government bonds ground to a virtual halt," said a letter to fund shareholders in the annual reports. RMK has said the difficulty of pricing assets in volatile markets had led to the delay in filing annual reports covering the fiscal year ending June 30. Morgan Keegan, a brokerage unit of Birmingham, Alabama-based banking company Regions Financial Corp (RF.N: Quote, Profile, Research), has said the lack of liquidity could result in the funds' incurring greater losses than under more stable conditions. The reports cover the RMK Select Short-Term Bond Fund, RMK Select Intermediate Bond Fund and RMK Select High Income Fund. Despite the difficulty of pricing its funds, RMK has allowed investors to redeem and purchase new shares, Morgan Keegan spokesman Eric Bran said in an e-mail. A call to the company for further comment was not immediately returned. Fund pricing is among the most critical responsibilities of a fund and its adviser, according to the Securities and Exchange Commission. reuters.com more in next post

To: Lizzie Tudor who wrote (91361)	10/7/2007 5:30:19 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

CFC story is not new. I looked at it when CFC traded at $42 ...also a "prearranged" stock sale plan:: siliconinvestor.com Stull, Stull & Brody Announces Commencement of Lawsuit Against Countrywide Financial Corporation for the Back-Dating of Stock Option Grants -- CFC Wednesday December 27, 7:30 pm ET NEW YORK, Dec. 27, 2006 (PRIME NEWSWIRE) -- The law firm of Stull, Stull & Brody announces that a shareholder lawsuit has been commenced against certain members of the board of directors and certain executive officers of Countrywide Financial Corporation (NYSE:CFC - News) (``Countrywide Financial'' or the ``Company''). ADVERTISEMENT The complaint alleges that certain current and prior officers and directors manipulated the prices of executive and director stock option grants (a.k.a. back-dated stock options). Such practice of awarding stock options to executives and directors at artificially low prices is alleged to violate the company's internal documents (such as the company's stock option plan), as well as state laws governing officer and director fiduciary duties and/or federal laws governing securities and taxation. In addition, the practice results in lower payments to companies, results in those companies under-reporting compensation expenses, and permits directors, officers and/or executives to unjustifiably reap millions and billions of dollars which should be disgorged and returned to the corporate coffers thereby contributing to the financial health of the company.